Tax Refund Could Lead to Jackpot (740 KTRH News Radio)

Just in time for tax filing season comes a new kind of lottery. It’s called the Save Your Refund lottery, and it offers cash prize drawings for those who agree to save a portion of their tax refund. Weekly $100 prize drawings take place, with an eventual grand prize drawing of $25,000. The program launched last year with 750 participants, and this year has already seen some 2,300 people join in for a chance at the winnings. Pretti Mehta is a director with the Doorways to Dreams Fund, a nonprofit which runs the lottery. “The financial crisis has decimated people’s savings and wages are stagnant, so there’s not a lot of ways people can save money,” she tells KTRH. “This way, we’re trying to encourage people and make it fun for them to save.” (read more)